SOPEMI Report on Labour Migration Austria 2015-16

The Austrian economy suffered a weak economic performance for the last 4 years (between 2012 and 2015 annual average of +0.5%) and is only slowly recovering in 2015 with a GDP growth rate of 0.9%. Lack of investment and public expenditure together with a disappointing trade performance were responsible for the sluggish economic growth. In 2016, real GDP growth is expected to gain momentum as an income tax reform comes into effect and as the rise in public expenditure flowing from the reception and integration of the wave of refugees of 2015 boosts economic growth. Accordingly, GDP growth is expected to rise by 1.7% in 2016.

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Edition Donau‐Universität Krems